Houses in Tórshavn now cheaper than in 2017

12.03.2019 - 11:36
Aktuelt
Houses in Tórshavn now cheaper than in 2017
Elsewhere in the country, especially in the Skálafjørður region, prices have gone up
House prices in the capital have been on a steady rise since 2012, but now the price hike appears to have come to a halt
 

A residential house in Tórshavn is now slightly cheaper than in 2017.

The rest of the country has, on average, seen rising house prices in the same period.

This is the crux of the Economic Council’s spring report.

Higher demands

According to the report, house prices in the capital dropped slightly from 2017 to the third quarter of 2018.

This is partly the result of banks increasing their loan demands.

Outside of the capital region, the average residential house price has risen by DKK 230,000 compared with 2017.

Abrupt change in price difference

In 2006, the difference between house prices in Tórshavn and in the rest of the country saw a quick hike.

A price difference of roughly DKK 1 million remained relatively stable for the next ten years, until the difference reached DKK 1.5 million in 2016.

This difference has since dropped slightly, according to the new report.

Translated by prosa.fo

 
Nýggjastu sendingar í ÚV
Leygardag 21. september
Morgunlesturin leygarmorgunin 21. september 2019
98628
Fríggjadag 20. september
Óhoyrt: Alt frá Føroyum til Avstralia
98988
Fríggjadag 20. september
TEMPO úr dvala
98968
Fríggjadag 20. september
Pressan: Jenis av Rana og Kringvarpið
98960
Fríggjadag 20. september
Morgunlesturin fríggjamorgunin 20. september 2019
98627
Nýggjastu sendingar í SV
Leygardag 21. september
Kvinnur: HB - EBS/Skala
99004
Leygardag 21. september
Dreingir U17: Vikingur - HB
99003
Leygardag 21. september
Gentur U15: B36 - KÍ, Eilif Arge steypið
99000
Leygardag 21. september
U21 steypafinala: HB-Skála
98994
Fríggjadag 20. september
U18 Gentur: B36-ÍF/Víkingur/B68
98993